Iowa Withholding Tax Booklet And Tax Tables - 2005 Page 3
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28Iowa Department of Revenue
Find us on the Web at
There is no fee for registering. Please allow four to six weeks to process your application and to
receive your withholding permit number, withholding payment vouchers, and Business eFile
Number.
For Change of Address or to Request Information
Fill out and mail the following form, or make the changes online by going to the Department’s
Internet site at .
FAILURE TO WITHHOLD
A withholding agent who fails to withhold and pay to the Department any money required to be
withheld and paid is personally, individually and corporately liable to the State of Iowa. If this
occurs, the amount of withholding may be assessed against the withholding agent in the same
manner as is used to assess personal or corporate income tax.
BONDING
If an employer or withholding agent fails to remit the required withholding tax by the due date,
the Department may require a bond to ensure timely payment in the future.
PENALTY AND INTEREST PROVISIONS
Any payment or return received with a US Postal Service postmark or an electronic postmark
dated after the day on which the payment or return was due is considered delinquent.
Penalty for failure to timely file a return or deposit form
A penalty of 10 percent is added to the tax due for failure to timely file a return or deposit form
and at least 90 percent of the correct tax is not paid by the due date. The penalty may be waived
only under limited circumstances.
Penalty for failure to timely pay
A penalty of 5 percent is added to the tax due if the return or deposit form is timely filed but at
least 90 percent of the correct tax is not paid by the due date. The penalty may be waived only
under limited circumstances.
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